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Search Results 0 to 49 of about 151 (some duplicates have been removed)
MSNBC
Dec 9, 2013 6:00am PST
memorial service for nelson mandela in south africa. we are starting with the economy. there have been solid job numbers and major revision for the gd approximate, and a strong end to the week on wall street. it has a bunch of experts predictioning that a steadily improving economy is on the horizon for the coming year. what would that mean politically? health care and obstruction are the clubs are choice for the two parties. they are beating each other up over both issues and both could be problems as well. the economy is the wild card right now. right now things are looking up. on friday we got word that they push the average jobs growth to 189,000 a month. not great, but not horrible. it's an improvement over 2012. unemployment is down to 7% down 18/10 of a point from this time last year and the lowest since november of 2008. we saw a big revision that was up 3.6% in the third quarter. that's a half percentage point better than 2012. there is a caveat. a good portion came from businesses building up inventory. they may end up stocking up so much, they don't need to buy as much. ther
LINKTV
Dec 9, 2013 2:30pm PST
's reigning currency? in a global marketplace, our economy depends on the international value of the dollar. it affects how much we pay for foreign goods and how well our exports sell overseas. "exchange rates: what in the world is a dollar worth?" with the help of economics analyst richard gill, we'll examine that question on this edition of "economics u$a." i'm david schoumacher. it is only in recent years that exchange rates could vary from day to day. for generations, exchange rates were fixed and currencies freely convertible to gold. to cast aside the predictability of the fixed exchange rate system was considered more than unusual -- it was nearly unthinkable. why then, in 1933, would the united states do the unthinkable? why would it abandon the stability of the gold standard? before the great war, the gold standard symbolized stability and prosperity, and the british pound was considered "as good as gold." but in 1925, parliament set the exchange rate of the pound for gold beyond its real value. as a result, british goods became more expensive -- exports declined, factory workers w
Bloomberg
Dec 8, 2013 10:00pm EST
. landmarkelebrating at deal that could add to the global economy. it is the first deal in the 18 year history of the wto. to help globalpt commerce and food shortages. several street firms are under investigation for the hiring. they have widening inquiring where children of high politician and clients are hired. the u.s. -- there was a big surplus in years. here is a breakdown. >> that is right. almost close to five years. exports beat estimates. , less than expected, but still up. that was as traders where -- existing stock house. -- piles. there's global momentum. european companies and south korea and the u.s. -- when analysts look at the figure, they are slightly disappointed. it shows that china is not importing as much as you would like. a user the sense that perhaps domestic is soft. really focus on the important part of the equation. they have no the export art. can they show that they are not as reliant on exports and that there is a favor for domestic consumption. cbi. begin with coming in at 3%. of course, it is within that target 3%. goodtic producers of services -- falling 1.4%.
Bloomberg
Dec 8, 2013 8:00pm EST
korea and european economies consume and really rely on getting that consumer to spend more and consume more? numbers. get inflation >> that is due in at just 30 minutes from now. we are expecting cpi rising 3.1% for the month of november. that is falling from the month of october. take a look at pbi as well. >> continually falling. >> negative one point five percent is the estimate in my with what you saw in october. consistentlync. -- in that 1.5% range. >> thanks all for that. stay with china because it has been reported that an additional 5 wall st firms are under investigation for hiring practices. new york times saying regulators have widened their inquiry as to whether jpmorgan broke anti- bribery laws. last month the bank and it plans to manage china everbright ipo amid scrutiny. the wto celebrity a landmark deal that could add $1 trillion to the global economy. subsidies on food dropping opposition to a deal. president obama praised the agreement which is a first in the 18 year history of the wto. analysts say it will do more to salvage talks then food shortages and help global
Al Jazeera America
Dec 9, 2013 11:30am EST
can check us out on www.aljazeera.com. the wheels of the american economy turned with the labor of low wage workers across this country. the dishwashers, retail sales people and healthcare providers who toil at the federal minimum wage haven't seen a pay raise in four years and efforts in congress to find one have stagnated. cities, states, and counties are taking it on themselves to bring their workers to income levels closer to the fiscal realities of these tough times. and it's no easy task. as much debate surrounds the effectiveness of image wage hikes and who really benefits. do these wage controls cost jobs? we'll discuss the issue on this addition of "inside story." but first this background. >> they deserve to live a good life in one of the richest cities in the world. >> reporter: close to 100 people rallied outside washington, d.c. city council chamber as council members inside voted to raise the city's minimum wage to $11.50 an hour. >> congress' failure to act, and congress' failure to take care of those left behind not just from the recession, but as the people who make th
FOX Business
Dec 8, 2013 10:00pm EST
the jobs report today? to back we are in the middle because you what the economy to improve but not want to the fed to stop totally but yet you want to show it is getting better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when the rates go higher. dennis: you say the stocks go down with good news because we are scared of they will tie ended? but today they went up triple digits is there such an attitude to where i think the economy will go okay? >> fortunately a part of that is the investors are confident coming back to the stock market. it will go up even just people thinking it is up. >> what did you think of the report today? >> solid but not spectacular. to reduce thousand jobs is a good bumper but ever other indicator was positive. most importantly we saw improvement of the for sandage other americans in the workforce. i was happy with this report but we should not be celebratory i remember in the '80s and '90s we had five budgets thousand jobs in one month but it there is no suc
LINKTV
Dec 9, 2013 2:00pm PST
the economy. and since the days of henry ford, the american auto industry kept its hand on the wheel and its foot on the accelerator. detroisold the big car. and american drivers bought it. high gas mileage didn't mean much to people used to 30 cent gas. 1973 changed that. war in the middle east and an oil embargo were followed by short supplies, gas lines, and skyrocketing prices. higher gas prices de datsunsan. to some, importing japanese cars meant exporting american jobs. so why not just cut imports to save jobs? for drivers, cars are transportation. but in detroit, cars are jobs, good jobs, and lots of them. for auto workers, more imports would mean more layoffs, often permanent layoffs, and a search for new work by men and women who had spent their lives on the assembly line. president douglas fraser of the powerful auto workers union took the workers' case to washington. his members and their employers needed protection from their japanese competitors. protecting auto workers and the auto industry made little sense to believers in free trade, like economist robt crandall of the brooki
CSPAN
Dec 9, 2013 12:30pm EST
to our economic, to the way our economy functions, that is, with banks having the opportunity, banks and other financial institutions having the opportunities to criticize what the government is suggesting, but, also, to our political system because the public then will not get the kind of feedback about what the government is doing that they can only get from the regulatory, from the regulated industries. so that's, those are the two policy issues that come out of this very, very heavy settlement that the government exacted from jpmorgan chase. thank you. >> thank you, peter. i mentioned earlier that we had intended a fourth statement but we were not able to complete that in time given the weather conditions. we'll send it to you by email but he wants review part of it before that. >> it's a simple statement. we had technical difficultyings with a missing e copy. it is a comment on a letter by four resolution authorities in four different leading countries to isda, international wall dealer association. changing master agreements to facilitate bank resolution. when they realize if a
Bloomberg
Dec 9, 2013 4:00am EST
google and apple urged the u.s. government to stop it is spying. japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson. >> i'm francine lacqua. let's get straight to the top corporate story. fiat is planning a $9 billion investment in new models. >> it is part of their turnaround strategy to end losses in europe and revise its italian factories. jonathan ferro joins us now with the details. big money, big focus on the romeo. marks like alfa >> it is not just about upscale and luxury, it is about the cars and fiat that are actually selling, the 500, the alfa romeo that has mass is potential at the luxury end of things and the maserati as well. u.s. selling more in the than anywhere else. it is about made in italy and it looks like it is going to be about sold in the united states. has beent in europe doing so badly and they have had to cut jobs within italy itself heard good news because they're actually leveraging the luxury branding that goes with the identity of italy. that is where the
Bloomberg
Dec 9, 2013 5:00am EST
the disappointment has been most. we have not seen structural reform as of yet. to push the that economy forward to drive up it isment opportunity and absent. the fourth ee quarter number better assuming an upsurge as a result of the taxation going into next year? >> the anticipation of sales ax increasing next spring is bringing some spending forward. you may see some corporate ahead of that. but the disappointment in japan is we are trying to increase at all. the radical opposition to the economics program would say we should be cutting spending taxes, not increasing taxes increased spending. >> you pwroeu up obama. draw the line between what is hang with the u.s. sort of policy moving forward but in of fed and what will happen in japan. the level of linkage. ex-existential. abe economics depends on the economics and a q.e. policies. what has driven the stock market up and yen down is the huge amount of risk takers piling which is atest story abe economics and shorting the yen. sort of pullback in the global asset price to q.e. the ated yen will be shooting up and stock market would fall. wit
NBC
Dec 9, 2013 12:30am PST
's making news as we head into a new week. some surprising strength in america's economy. the unemployment rate fell to a five-year low to 7%. data for the previous months were revised higher. all of that sent stocks up early after a five-day losing streak for the dow and the s&p 500. the news sent interest rates on the tenure treasury higher. the second reading of the gross domestic product as well. the gdp growing at a whooping 3.6%. new home sales surged in october. up 25%. that was the sharpest increase in over three decades. analysts expect sharp reviegss downward. auto sales were high as well. rising at the best pace in six month pps gm rose 13%. chrysler 16% and toyota 10%. all of those numbers were better than expected. >>> due to the strong jobs report an the gdp numbers means we picked up enough speed and what does it mean for the fed tapering its buying program. joining us is greg mankiw. he's an economic's professor at harvard. it's great to see you today. >> it's nice to be with you. >> what do you think? we with seeing this long awaited recovery? >> we've gotten good news. th
LINKTV
Dec 9, 2013 5:00am PST
the economy. a government survey says among japanese workers has improved for the first time in two months. researchers asked more than 2,000 people nationwide how they feel about the economy compared with three months ago. the survey results released on monday show that the november index for the current state of the economy stood at 53.5%. that's a gain of 1.7 points from the previous months. it does suggest the economy is flat. respondents to this work in retail, restaurants, as well as other sectors that are sensitive to economic trends. many other respondents said that home appliances and cars are really selling well ahead of the consumption tax hike next april. workers at many factories say they are receiving more orders. we also got news on the index for the business outlook. it rose 0.3 points to 54.8. that makes for the third safe monthly rise. this reflects optimistic views for the year end shopping season. the cabinet office also upgraded its economic assessment. it previously said the economy is recovering steady. many respondents do expect demand to rise ahead of the consumpti
Bloomberg
Dec 9, 2013 10:00am EST
basket than just stocks and bonds. for longer,say low is that a call for the economy or on the market or will they both move in lockstep? >> it is both. growth is going too slow for a longer. of time. we think that the fed will keep monetary policy easy. short-term rates will remain where they are. long-term rates will budge up a bit. the stock market -- the peas are pretty high. we can squeeze a lot of juice out of that. we want to be a bit cautious for the longer-term right now. we want to make sure the people are using this diversification and understand the correlation may work against them up the market does react in a way that we are thinking. >> how is blackrock positioning itself to benefit from this environment? you have to look at the market and say, what do i do so that people invest with us? >> you will hear a lot today. you are in the right place. we will have our chief strategist talk to you today. they will give you an idea of where to be to protect yourself. one of those areas is diversification. not just in treasury, but more in credit. you are earning a coupon in the
CNN
Dec 9, 2013 3:30pm PST
're causing them to become this part of perpetual unemployed group in our economy. while it seems good, it does a disselfto the people you're trying to help. >> uh, no. welcome to the real world, senator, where there are still three job applicants for every one job out there, cutting the lifeline for active job seekers there not magically create, but it will put -- cutting unemployment benefits? that is a five ho ho ho, newt gingrich. first, let me say i believe there are things we could do to dramatically improve the impact. to actually prepare people for getting to work and versus a better job in the future. but took in the crossfire, weapon hawaii's democratic governor, neil abercrombie, and tim pawlenty, in a different life another colleague of mine. we're delighted to have both of you here this evening. governor, economists like larry summers, who was an adviser both to president obama and before that to president clinton have concluded that long-term unemployment compensation actually reduces participate in the work force and makes it harder for the economy to grow. what's your r
PBS
Dec 9, 2013 6:30am PST
powerful man in the states janice on the attack was sacked from his managing the economy. corruption womanizing and drug taking what analysts say it's one of the biggest the peebles has the government since the death of the former leader kim jong il in two thousand the mountains. now to violent scenes from a football match result two people have been seriously injured in a violent brawl that broke out between fans images were broadcast live to millions of homes are likely to raise questions about the country's ability to keep them safe during next year's world cup after clifford reports. i see no conflict because players green knight's tale. minutes later the cd and descended into chaos. it is time to teach other and began to lose grind the beans and some of the idea contest this repeatedly and can't. riot police fired pepper pilates and tear gas into the riots the helicopter ride to treat the insurance. the plaintiff was already being punished for sundial in several months ago. it will finance the series to brazil this year raising concerns for the country's image ahead of the world
CSPAN
Dec 8, 2013 8:00pm EST
the culture of institutions like universities and the american economy and diplomacy and patterns of development. and this is what might be called subtle influence and what they have been able to do through their subtle power and exercise of this power, they can create a set of conditions and a set of structures, whereby it can exert this in subtle ways and through the international investments and its careful pursuits of hedging is a foreign-policy initiative. through its very deliberate effort as the al jazeera tv station represents. and qatar is extremely active in branding itself and through a very aggressive advertising campaign. you will see advertisements by the national carrier a part of the foundation in a whole variety of interests that will help create these conditions. and needless to say, this is extremely important. and to so let me end, if i may. with a passage from the book's conclusion, which in many ways points to some of the upcoming challenges that they are likely to face. unfortunately they did not wait for the book to be published before they decided to retir
Bloomberg
Dec 9, 2013 2:00am EST
economy. a $1 trillion to the global economy. >> welcome to "countdown." i am mark barton. >> i am anna edwards. is a bloomberg news exclusive. shinzo abe says there are no and to abenomics. he talks about how japanese companies can stay competitive under his policies. regarding the corporate tax starting next fiscal year, we decided to reduce by 2.4% and we will be moving forward with reviews and studies on how corporate tax should be in order for japanese companies to stay competitive. thee will have a more from exclusive interview throughout the program. >> ukraine. protesters have flooded the streets of the capital among speculation that the president is going to sign up to a russian trade bloc. david tweed is there. angela merkel must be keeping a close eye on that. >> i want to give you an idea on how much of the german media and political establishment -- i want to show the right side the newspaper. this is the picture on the front and is also on the front of several other national newspapers that the statue of lenin was toppled late last night. and then decapitated. this is a bi
CSPAN
Dec 9, 2013 2:00pm EST
that protects our economy and ensures our government can continue the work of the people. i'm not going to talk about each of these things individually other than i think it is so shortsighted what the republicans are doing regarding the s.g.r., or physician payments for medicare. there's money to take care of this, mr. president. a number of different sources, not the least of which is the overseas contingency funds. we had money set aside for the wars in iran and afghanistan. they are being phased out. there is still almost $1 trillion left. i cannot understand why the republicans refuse to use that money. no one except the republicans oppose closing these loopholes, these tax loopholes. it is only the republicans in congress that oppose them, not republicans around the country. these loopholes are so big, you could drive the biggest vehicle in the world through them, mr. president. but we're where we are. despite the cost of the republican shutdown this fall, last week's jobs report proves the american economy continues to gain steam. private sector businesses have added more than eight mill
CSPAN
Dec 9, 2013 7:00am EST
difficult to forecast exactly one that is going to be. in part because the economy is -- it is a little bit more strong. as a result that extends the time in which the treasury -- atment can do things some point congress is going to have to do that. i suppose the earliest it could possibly be is february. it is much more likely that it is sometime in spring or the beginning of the summer. then you are going to get the debate over -- we should look at tax hikes, changes in entitlement. it is hard to see how they are going to get any agreement on those areas. particularly in election year. the house is expected to adjourn for the year on friday and the senate shortly after. a lot of high-profile legislation still hanging in the balance. it is the list of what is likely to make it through the 113th congress. i think the only thing that is likely to get through is the defense authorization act. will see what gets included. one thing we will be watching is to see whether any legislation sanctioning iran is added to that bill. the administration is doing everything it can to prevent congress from
Al Jazeera America
Dec 9, 2013 3:00am EST
market in kabul did a roaring business. foreign aid and investment poored into the economy. african was making money. now it's busier than ever because of increasing anxiety about the local currency. the president of afghanistan is still refusing to sign a security pact with the u.s., meaning some foreign forces remaining after 2014. willions of dollars in aid remained. without that, the economy is expected to collapse. that delay is causing fear in the business community. >> if it is not signed people will be panicked and it will affect the economy. people are running away. our businessman are worried. >> as afghans panic and exchange their money for u.s. dollars the afghani is being devalued. in a country where food is imported, prices are going up. >> ordinary markets like this ordinary afghans come to spend their money. most tell us that food prices have gone up. that's because those selling the food here in dollars. the exchange rate here has never been so bad. >> in a few short weeks the price of these sacks of fleur rose 10%. this woman bought one. >> translation: prices are
Al Jazeera America
Dec 9, 2013 5:00pm EST
to do for our families. it's the smart thing to do for our economy. >> reporter: president obama used his radio address this weekend to push for an extension. house speaker john boehner said he's open to legislation to continue the benefits. >> we'll get the latest on the deliberations from either end of pennsylvania avenue. al jazeera america congressional correspondent libby casey is on capitol hill and mike viqueira is with me here in the studio. good to see you both. libby, let me start with you. word began to dribble out over the weekend that the outlines of the deal has begun to appear. >> reporter: really the only once, the rest of the economy has been left in the dust. they're coming up with a plan that would replace the sequester cuts, the mandatory cuts that no one likes the contours of. they would replace them, but how do you pay for the replacement. they're talking about user fees, airline travel, and potential cuts to federal workers benefits. and controversial things that they'll have to hammer out the details of. they have until friday decembe december 13th, and expect
CSPAN
Dec 9, 2013 1:30am EST
in order to grow the economy out of the current debt. you need to have the stimulus. but not just in banks and others, but others who have the safety net and those who spend the vast proportion of their income. and as i will show you, we will see that a lot of safety nets actually preserve the business to pay off longer-term debt. and the imf did recognize this after the staging crisis occurred. it was the first time a formal apology was issued and it took five years, one of the most dramatic apologies of the international institution possible. coming to the current recession, we see again a vast divergence across the country and you might have heard recent reports that alcohol drinking has gone down with the recession in the united states. and that is a bit disingenuous. it's alcohol sales that has gone down. and drinking has sort of emerged across the country and most people have bought less as they have less money in their wallet. but a smaller population, particularly young men, have either had trouble finding work or were unable to maintain work and have started frequent binging. and
CSPAN
Dec 9, 2013 4:30pm EST
in the economy of private sector job growth after plunges of the economy, after bear stearns went down and then lehman brothers went down, and of course we were in a financial death spiral. and little by little, we are coming out of it, and of course the news just announced last friday on the jobs report gives us another indication that the economy is really beginning to take hold. and we see that in the confidence that's being expressed. we see that in the real estate market. we certainly see that in the financial markets in new york. but let me give you another piece of good news that most people would not really think about. there has been a discovery of a former martian lake that as we reach out into the cosmos trying to find any indications of life, scientists are now thinking that this martian lake might have harbored life billions of years ago, about the time that some of the scientists suggest that small particles of life might have started on this planet. and if this proves out and we're going to mars, not just with robots, eventually in the 2030's, we'll go with humans, and w
FOX Business
Dec 9, 2013 11:00am EST
the economy so far had not been strong enough to make its time to taper, but now that has changed? >> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s.
FOX Business
Dec 9, 2013 4:00pm EST
, the idea was that was the preamble, the first chapter of taper and what we saw that the economy actually did quite fine. job creation stayed at 175 to 200 level. maybe we had a little shift around in the complexion of the economy and housing took a bit of a dip but actually closing and contracts we saw coming to market particularly in the middle part of the real estate market continued pays. what they were doing in terms of setting the table for the real taper that is due to happen later this week or in january, actually seems not to affect the economy as much and market seems fine with it. cheryl: okay, jamie, lincoln just said it, the taper that could possibly happen next week. there has been more of a chorus of analysts and traders, investors like yourself saying hey, look if the data is there for the december meeting we'll see a taper but the market may not be ready for that. they're thinking march or january. what happens? >> well, i think the market is actually more ready for taper than people get it credit for. we got a preview what it will look like. one of the things that people
CNBC
Dec 9, 2013 5:00pm EST
will say that was money well spent when you look at the jobs that we will see and the fact that the economy doesn't suffer any greater than it did. and a practical standpoint, what this means for gm, look for them to issue a dividend rather quickly. and they no longer are under the t.a.r.p. pay restriction. they have long said that has been holding them back from recruiting the type of talent that they want to recruit for executives. the two big changes immediately for general motors now that uncle sam has sold all of its position. >> thanks for that update. we appreciate it. interesting that phil brings up the math in terms of how much money per day the government has lost. that was also quite a chunk of change. they were saying that they saved a million jobs. >> a million jobs? >> more than a million jobs. would it cost the broader economy more than a million jobs? how much is that cost per job to save it if you're going to do those types of calculations? >> i think it was a great thing for them to do. not just gm. we don't know all the ramifications. if they had actually rsh. >> you're t
CSPAN
Dec 8, 2013 7:00pm EST
that the sanctions would begin to unravel. i heard today that iran's president said the economy has markedly improved. they have not even put in place -- steps must be taken to repent for the erosion of the sanction. ultimately, the sanctions remain an essential element of the international effort to compel iran to dispel its nuclear the terror infrastructure and take apart all of the centrifuges and tear down the heavy water reactors and eliminate the current stockpile of enriched on weapond working radiation -- weapons that geneva does not address. none of it is necessary for a peaceful nuclear program. while israel is prepared to do what is necessary to defend itself, we share president obama's preface to see iran's endlear weapons program through diplomacy. for diplomacy to succeed, it must be coupled with powerful sanctions and a credible military threat. -- ae repeat that diplomatic solution is better than a military option, but a military option is necessary for diplomacy to succeed, as are powerful sanctions. we agree after a cup will of tough years, iran finally -- a couple of tough years, i
MSNBC
Dec 9, 2013 2:00pm PST
]. >> you're causing them to become part of this perpetual unemployed group in our economy. >> maybe you should lend a hand, hmmm? >> with the american worker or against them. >> now we have class envy being stoked by the democratic party. >> oh, my gosh. does that suck. >> we have the most unequal distribution of wealth and income in any major country on earth. >> if you raised the minimum wage too high, you're going to have not more jobs but fewer jobs. >> you sit on a throne of lies. >> but income inequality is ticking up nonstop. >> nobody gives you anything. you earn it. >> we have this big conversation going on in this country right now about income inequality. but none of them have ever experienced it. >>> put some ketchup on that one, will you? good to have you with us tonight, folks. thanks for watching. well, do you remember back in 2000 when bush ran and the conservatives coined this term, compassionate conservatism? wow, was that in a different era. there is no compassion, as far as the republicans are concerned. just listen to what they say, just listen to what they're propo
CNBC
Dec 9, 2013 3:00pm EST
if this fragile economy had any legs. now we're seeing those legs. one thing i was really encouraged by was the slight increase in labor force participation rate. you can see that across a lot of h-cohorts. the only one that went down was initial one 16 to 25. other than that the other cohorts they were rising. that sort of increase lakreescrease legitimizes increase. >> and people retiring who might have stayed in the labor force during the recession. things look like better. they're retiring. the unemployment being where it is may stay down there despite the upward pressure may not be as high as some thought. haum more months before we hit 6.5% on the unemployment rate? >> i have believed for a long time we'll see 6.5% unemployment rate by the fourth quarter. keep in mind, even with today's federal reserve flow of funds data showing another record increase in household network worth. a lot of people that lost money in the financial crisis they got it back and are even ahead of the game and they're feeling more comfortable. this they want to retire they're retire.
CNBC
Dec 9, 2013 6:00am EST
of taper. it gives them comfort that the economy is doing well. i think friday's job report and some other items recently, i think investors are getting comfortable if it does happen in december. >> if it does happen, they say the fed is more likely to wait and happen next year. what is the fed going to be looking at at this point? you see a stronger jobs number. it's tough for a hawk to say that the feds have a definitive breakout pattern. >> that's right. our economists are saying the fed is probably interested in trying to begin the taper process. i think january is a better date. i think that will help. if we can see spending, we'll see how that will be a factor. >> you said at the end of november that december is likely to be a pretty strong month for the market. last week was a down week. what do you think the month will bring at this point? >> i think investors will want to finish the year strong. i think they're optimistic about 2014. there's still a bit of performance chasing taking place. then our position data we track, hedge fund and mutual fund data and broader macro fund posi
FOX Business
Dec 9, 2013 6:00pm EST
to the economy. the effect that it could have, people have to have the wherewithal. if it did not have the appropriate planning where we get the money? many people live paycheck to paycheck. they have to look to the investments to liquidate which may not be the best with the rise in the interest-rate, the rise of the stock. gerri: interesting. >> it really becomes important for people to plan now so that they can have the cash or with all. gerri: to you think this will have an economic effect? >> absolutely. gerri: people been yanking money out of stocks and savings, looking under every politician that they can find to find the money to pay this tax bill. >> yes. and that will take effect in april. and people will see that. and that trickle-down effect will hopefully be able to have people working effectively so that when they can minimize the taxes ifs. gerri: it is just so funny. a lot of this is because of obamacare, because the four will correct. like somebody tweeted the other day, i like to obamacare. ides is not to not realize i was paid for it which is exactly what will happen
FOX News
Dec 8, 2013 11:00pm PST
't worked. the president pours a trillion dollars into the nation's economy when you divided it out, it was about $400,000 per ild. the problem with a government stimulus is you pick the winners and loser rs. with this stimulus i'm talking about, a free market stimulus, you simply leave the money in the hands of those who have earned it, so the customers have pickeded out thesuccessful people. those people get more money. like i met a young man, young african man who has his own restaurant. his first question is do you have any tax breaks for me for my business. that's what what would do. help people in business and trying. >> but i don't have to tell you senator, republicans have a steep hill to climb in inner city neighborhoods. in detroit in november, 97% of detroit voters supported president obama. 2% voted for rom thi. the black unemployment rate nationally is still 12.5% and right now, president obama is calling out the gop for what he says is your party to extend long-term unemployment benefits. take a look at what he says. >> for decades, congress has voted to offer relief t
FOX News
Dec 9, 2013 11:00am PST
refuses to act, it won't just hurt families already struggling. it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. >> well, our business panelists here to debate what we lose and what we gain if those benefits end. make your way over here, biz whizzes. >>> time for a quick check of your headlines. watch out below. amazing video. sheets of ice raining down from the rooftops at an apartment complex in plano, texas. nobody was hurt. >>> new video of a mini van packed with kids, the new mexico state trooper canned for firing the shots appealing his dismissal. in a statement his attorney says every day police officers put themselves in danger to protect the public. the driver of the mini van had been stopped by another trooper for speeding. she fled twice after that officer tried to give her a ticket and arrest her. >>> in phoenix a gunman surrender after an hours long standoff with police at a hospital. the man was also armed with a knife. before police arrived he pulled the gun and barricaded himself in a bathroo
Bloomberg
Dec 9, 2013 6:00am EST
:00 p.m.'s economy slowed more than estimated last quarter. gdp was 1.1%. that was revised down from the first estimate. business spending was weaker than initially thought as companies are cautious on their economy. protesters poured into the streets of kiev. they fear that the president is going to bring the country into an economic bloc led by russia. this followed a rally where they tore down a statue of vladimir lenin. and a chance to own a piece of the sydney opera house. you can own a tile for as little as $90. you do not own it physically, but you can personalize it online, giving you virtual ownership. fundraiserart of a to pay for the renovations. >> i would do that. people buy stars for each other, why not buy a piece of the opera house. >> there is a birthday gift for tom. >> time for single this chart. what do you have? >> he is going to become the ceo of time warner cable. there is work that the company will be acquired soon. rob marcus has a big payday coming. he could go out the door with a golden goodbye. we wanted to take a look at what other recent severance packag
MSNBC
Dec 9, 2013 11:00am PST
economy and creating more jobs for the american people. that's where the focus is, not more government programs. >> we have a responsibility as american people, people who have played by the rules and lost their job through no fault of their own. and need these benefits in order to survive. >> nbc's capitol hill correspondent kelly o'donnell joins me. the budget is the critical issue but the debate over extending the unemployment benefits set to threaten all of this and the "washington post" reports there are capitol hill aides who say tlsz little chance of it passing before congress leaves for their break. >> reporter: there's a weariness with so many of these fiscal deadlines we've had. we're talking about unemployment benefits for the longest term unemployed, people who really have had a hard time for a long time and congress is not necessarily in the mood to make this a line in the sand issue. clearly some democrats want to see action on this to extend the benefits and some republicans do not in part, for example, one point of view from rand paul of kentucky, saying that by extendi
Bloomberg
Dec 9, 2013 1:00pm EST
. the notion that u.s. companies by aning hurt i this nsa program is a great concern to the u.s. economy when you have politicians talking about how they want more of the economy to look at the big tech company. the tech companies think this is ability to grow businesses internationally. >> how do you think the white house will respond to this? is an open question. this white house has really been dragging their heels on concerns that people have raised about national security. trying to build out the infrastructure. whether businesses have more sway in the white house, traditionally has always been the case. we will see if these companies forget the industry. some of the biggest companies in the world are signing these. those companies, one would imagine, would have a lot of swipe. cory johnson, editor-at- large, thank you. i want to bring in michelle she focuses one cyber and government transparency issues like the foreign surveillance act. she joins us from washington, d.c. it a little ironic given that many of the technology companies have been cooperating? is this just political posturin
CSPAN
Dec 9, 2013 12:00am EST
on this side of this house would have broken the british economy in the first place. >> he talks about the recovery and there might be a recovery for the rich, but for everyone else -- he will not stand up to the powerful and he will not stand up for the week. -- the weak. but when it comes to being a loyal deputy to a tory prime minister, he will rake all of -- he will sell out all of his principles. the truth is, if you will not freeze energy bills and scrap the bedroom tax, it will not be the tories. it will not be the lib dems. it has got to be labor. >> mr. speaker, they are not a government in waiting. they are not even an opposition in waiting. it is 18 months before the next general election and we still have no clue what the labour party would actually do. we do know a few things. and energy con that would see prices go up and not down. no apology for crashing the economy in the first place and a , total failure to stand up to the trade union partners. if they cannot manage to come up with a sensible policy, if they cannot manage their own party, why should anyone think that t
SFGTV
Dec 9, 2013 4:00am PST
further residents in their local economy. the stores of individuals that have chosen to participate in the respective pace programs and the successes they have experienced. these can save on monthly utility.bill tos the tune of tosses of dollars, from the beginning of this process, we wanted to make sure this finance tool had a strong workforce component tied to it. we convened meters with our partners and labor to start discussions with how that work component would look like. it's a key to not getting them job today and keeping them employed but to help them find meaningful careers and new economy ins the green collar economy that continues to grow. we want our local workers to have the skills necessary to take part in that e -- emerging industry. we want to ensure local residents are working on local contracts on local projects so we keep money and workflow within san francisco and continue to boost our local economy. i want to thank pat muligan from city build in particular, for all their hard work in the workforce component on that as well. we are confident that san francisco'
CNBC
Dec 9, 2013 4:00am EST
and inflation data, maybe the global economy is doing better. therefore, risk assets have started to rise somewhat. let's break that down for you in terms of individual sectors. the ftse down. flat this morning. the xetra dax is up .4. the ftse is up around half of 1%. one interesting picture as far as commodities are concerned today. spot gold, 1230 is where we stand. it's down 27% this year. managed to stay fairly flat post the jobs number. on the other hand, copper is down. it's really the tapering talk outweighing the better chinese data. brent holding 111.96. on the bond market, treasuries haven't done too badly today. 2.85% in europe. 2.89%. there is a sense fairly comfortable we might get some tapering. euro dollar up to 137.68. it was at 137.16. you're not far away from the six-month high we hit last week of 103.38. chinese data and sterling, 163.66 just below the six-week number we hit last week. that's where we trend right now. in europe sixuan joins us. >> thank you, ross. happy monday. asian markets gained traction. china markets ended just marginally higher ahead of this week
SFGTV
Dec 8, 2013 5:30pm PST
into the economy. as you can see from this photo it's representative of the city many diverse cultures and backgrounds. a little bit about myself i grew up in district 10 and been a resident my whole life and grew up going to 345rg9d king pool. that's the first thing we saw and on your right this is the opera house. those are some of the schools i've attend the elementary school the valley middle school and burton academic high school all within the district. after graduating high school i wanted to be a productive men of the community a cousin of mine gave me information about 9 neighborhood design which is 14 week carpentership program we focused on materials conservatism as well as energy efficiency. it was here that i found out about the green economy through the curriculum which some of you may not have heard of it was developed in part by john's who was a key advisors to obama on the green economy. from that program i was introduced to environment now this is a great picture of us doing outreach. we're the field for the streets. we do all the grassroots outreach going door to doo
FOX Business
Dec 8, 2013 11:00pm EST
is the appropriate agency of resolution for so many of these problems and our society and our economy? >> i couldn't agree more. i think if they left us more -- gotten aetna, cigna, united and the blue cross plans in a room together and said let's figure this out. why don't you go on the website for us, it would have been a lot more successful and done a lot more quickly. i think the more they delegate to private k350e7bs, the better off they'll be. they're learning it the hard way. >> they're learning it the hard way. i take your point that these are good people, smart people, but not really the people i, frankly, give a damn about. i'm concerned about the american people, the people who have been promiseduch by an administration that seems to be capable of very little. the idea that we've gone through, over the last three fiscal years, they've raised over $50 billion in revenue for the affordable care act. they're on track right now. there will be an additional 500 can we put that up, $50 billion collected, 2010 through '12. then, of course, this year and next -- through the ne ten years, we'll
PBS
Dec 8, 2013 7:00pm PST
because the what the nazis and the sweet is that. the and that that the economy and to amend the deal positions as much or eat at the bottom that they cannot dismiss the government and they want the government to dismiss salam. action is very difficult to predict what had happened. you'll be sucked into the model not a situation thank you very much that the professor makes all negotiable. thank you. will the world new the french forces are now taking up positions in flashpoint areas of the central african republic. it's meant to help put an end to several days of sectarian violence. an estimated four hundred people dead and forced thousands to flee their heads the country's top catholic official today appealed for calm. he's urging christians in the country to end the cycle of vengeance against the country's muslims i kept silent on the tumble in the capital boogie is koda limits. tomorrow is our chicken of the crucial during the transitional government and mainstream presentation due to the heat out of the soldiers the ripples from the former coalition to help him go. president. what
MSNBC
Dec 9, 2013 12:00pm PST
. this economy wants to take off and things want to grow. we want to rebuild our manufacturing base. to my mind it's not just the minimum wage, that's part of it. we can't for get those who have been left behind. we have this very dangerous thing called structural unemployment in this country. i don't think we've seen this since the great depression. it's the mcdonald's versus apples. companies require fewer people and investors are doing better and private equity firms are doing better but leaving in its wake people who aren't trained for the economy and have nowhere to go. that's the reality of where we are and the economy will proceed more in this direction as opposed to the mcdonald's side. >> that's what's scary in the jobs we have now, our largely service jobs and largely low wage majority of the groupz created out of the recession are low wage service jobs. does that responsibility to push the wage up, does that fall just to the states and federal level or do you think corporations themselves have a responsibility to their workers to provide a living wage? >> of course corporations ought
PBS
Dec 8, 2013 5:30pm PST
in the economy. the first phase in talks has led to economic successes. >> israeli president was asked if he would be willing to meet with rouhani. >> why not? i don't have enemies. we don't consider iran as an enemy. >> yesterday president obama down played expectations of a bigger long-term deal with iran regarding its nuclear program but says negotiations are worth the effort. >> we have to not constantly assume that it's not possible for iran, like any country, to change over time. i wouldn't say it is more than 50/50 but we have to try. >> neighboring iraq today there was another series of fatal bombings. authorities say at least 45 people were killed and dozens wounded after a series of explosions. the violence is worse than at any time since 2006 when the country was on the verge of civil war. >>> in ukraine today protesters topples and beheaded a statue part of a much largerer demonstration. they are demanding that the government move ahead with a deal to deepen ties to the west. the plan angered russia to the east. >>> back in this country the huge storm that caused major power outa
CNBC
Dec 9, 2013 9:00am EST
the transition to a new economy, where the federal reserve is not playing that much of a role, can happen. that's what bernanke told us what could happen. it would be amazing as a swan song if it does happen >>> speaking of the fed, front page of the business sentence, the first sentence of ben apple balm's fed piece. federal reserve officials are in no hurry to retreat. >> we're in a weird moment here. when i looked at the pan aklee of knees, not a lot of bad. not a lot of land mines. >> we had this conversation and promptly went down for a few days. >> true but the difference might be that the news flow is very positive this morning. it is indicative of the year. sisco buys a company, u.s. air. no one is thinking they will do that. here is a stock that's been stuck at 33. >> the other one is stuck, period. >> then, we have gilead and this is like apple with china mobile. this is the moment in time that people think, that's new. they create reasons to buy stocks. i was on the phone with somebody who was very big in p.c.s. this has really accelerated. >> p.c.s? >> yes. that's the reasoning behi
Bloomberg
Dec 9, 2013 12:00pm EST
and bonds. >> when you say low for longer, is that more a call on the economy or market or both? >> both. we think growth is going too slow for a longer time. we think the fed is going to keep monetary policy easy. short-term rates we think will remain where they are. longer term will budget up a bit. these are pretty high. we use a lot to choose out of that. we have a little bit more. we want to be a bit cautious for the longer-term right now. we want to make sure that people are using this diversification to understand that correlation may work against them. >> the rule next year will be a huge factor in how that plays out. we spoke with peter fisher as well. >> i think all over the world we see countries trying to make a handoff from monetary policy to fiscal policy. >> they would love to do that. >> they are trying to let go of the reins. they would like to not be the only game in town. that may be optimistic. i think we would like see fiscal policy pay a bigger role. they're trying to get a handoff to consumption of structural reform. central bankers are going to be important. they woul
Al Jazeera America
Dec 9, 2013 6:00am EST
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
Al Jazeera America
Dec 9, 2013 10:00am EST
the future of their economy. >> reporter: for more than ten years the money market in kabul has done a roaring business. foreign aid and investment poured into the economy, and afghans making money honestly or otherwise, traded in foreign exchange. now it's bus yeser than ever because of increasing anxiety of the local currency of the afghani. the president of afghanistan is still refuse to go sign the security pact with the u.s. that would mean some foreign forces would remain after 2014. but billion dollars of aid would remain. with that the economy is expected to collapse without that. that is causing fear in the business community. >> if it is not signed then people will be panicked and it will effect the country. it is disappointing and our businessmen are not investing. people are worried because they cannot work confidently. >> at afghans panic and exchange their money for u.s. dollars the afghani dollar is being devalued. where much of the food is imported prices are going up. >> reporter: this is where afghanis come to spend their hard earned money, but food price versus gon
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